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200 Week Moving Average Heatmap

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200 Week Moving Average Heatmap

In each of its major market cycles, Bitcoin's price historically bottoms out around the 200 week moving average.

This indicator uses a colour heatmap based on the delta % changes of 200 week sma compare to 4 week ago 200 week sma.

It is a long term investment tool. It helps investors to monitor a changes in price. And see where is a bottom or top based on heatmap

How to read heatMap:
https://www.tradingview.com/x/PW9CYMKb/

Below a rainbow box which is a representation of heat map strength you can see current value score of price from -1 to 1
Also you can send those values with alert



Delta (you can plot it in settings):
https://www.tradingview.com/x/HteNNgZ3/

Top:
https://www.tradingview.com/x/OePeHpnS/

Bottom:
https://www.tradingview.com/x/J5QHEeiC/


Originaly it was Created By Plan B - @100trillionUSD, I just recreated it in Trading View without knowing a code, just have a formula, so it can have some inaccuracy compare to the original, but still it will work how it was designed.
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Colors

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המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.